| Sahara’s Affiliate Signed a Financing Deal with SIDF |
2/5/2012 - Sahara Petrochemicals Company announces that one of TSOCs affiliates, Saudi Acrylic Monomers Company Limited (SAMCO), signed a financing agreement with Saudi Industrial Development Fund (SIDF) with a ...
|
| Kuwait's KGOC Signs Gas Deal with France Technip |
2/1/2012 - Kuwait Gulf Oil Co (KGOC) signed a contract with France's Technip to build gas facilities in Khafji, part of a plan to boost gas output for growing domestic needs, industry sources told Reuters on Wed...
|
| Aramco Likely to Pump First Shale Gas by 2020 |
1/24/2012 - Saudi Arabian Oil Co (Saudi Aramco) is seeking to begin producing natural gas from shale rock in the country before the end of the decade as domestic power demand climbs. ...
|
| Italy Eni, Spain Repsol Quit Saudi Gas Hunt |
1/19/2012 - Italy's Eni and Spain's Repsol have given up looking for gas in Saudi Arabia's Empty Quarter, two sources familiar with the joint venture with Saudi Aramco said. State-run Aramco invited international...
|
| Middle East Oil Demand in December 2011 |
1/19/2012 - The low seasonality in the Middle East in the fourth quarter caused a minor slowdown in the region’s biggest consuming countries, Saudi Arabia and Iran. Summer electricity consumption pushed up third-...
|
| Saudi Can Pump More Fast, Favours $100 Oil |
1/16/2012 - Saudi Arabia, the world's top oil exporter, said it can pump more oil at a moment's notice, the day after Iran warned Gulf oil producers not to compensate for any disruption to Iranian output. Saudi O...
|
| Sabic Signs Cooperation Agreement with Sinopec |
1/15/2012 - Under the patronage of Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, and in the presence of China Prime Minister Wen Jiabao, the Saudi Basic Industries Corporation (SABIC) and the Chi...
|
| China's Wen Presses Saudi Arabia for Oil Access |
1/15/2012 - Chinese Premier Wen Jiabao pressed Saudi Arabia to open its huge oil and gas resources to expanded Chinese investment, media reports said against a backdrop of growing tension over Iran and worries ov...
|
| Aramco Aims to Lift Refining Capacity to 8 Mln Bpd |
1/14/2012 - Saudi Aramco expects to raise its refining capacity to 8 million barrels per day (bpd) as it increases downstream investments, its chief executive officer said, after signing a $10 billion refinery de...
|
| SAFCO Awards EPC Contract to Saipem |
1/13/2012 - In December, Saipem has been awarded in Saudi Arabia, by SABIC affiliate Safco (Saudi Arabian Fertilizer Company), the lump sum turnkey contract for the project “Safco V”. The contract encompasses the...
|
| Aramco Trading Starts Commercial Operations |
1/11/2012 - Aramco Trading, a wholly-owned company subsidiary, geared up and began commercial operations Jan. 1, 2012, as Saudi Aramco’s downstream investment portfolio expands in-Kingdom and overseas. Formally e...
|
| Saudi Oil Output Nearing Capacity Limit |
1/11/2012 - Top oil exporter Saudi Arabia is nearing its comfortable operational production limits and may struggle to do much to make up for shortages that arise from new sanctions imposed on Iran by the West, G...
|
| Ras Tanura Refinery Gets International Certification |
1/11/2012 - Quality isn't achieved by accident; it's the result of high expectations, earnest efforts, clear direction and skillful execution, as well as wise decision-making regarding risks and rewards. ...
|
| OPEC Member Countries Economy – December 2011 |
1/11/2012 - Real GDP in Saudi Arabia is expected to moderate to 4.7% in 2012 mainly due to expected lower average oil production. Year-on-year inflation in Saudi Arabia dipped to 5.2% in October from 5.3% in Sept...
|
| HPCL to Double Saudi Crude Imports |
1/9/2012 - The state-run Hindustan Petroleum Corp will double the volume of Saudi crude it imports in an annual deal beginning in April, two industry sources with direct knowledge of the matter said on Monday, i...
|
| Saudi Arabia Oil Demand in December 2011 |
1/8/2012 - A cooling climate eased the pressure on Saudi Arabia’s electricity demand in October. Hence the Kingdom’s oil demand dipped by 0.1 mb/d in the month y-o-y. However, this will not affect the country’s ...
|
| Aramco, Sinopec Set to Sign Saudi Refinery Deal |
1/8/2012 - State oil giant Saudi Aramco will sign a final deal next week to build a new 400,000 barrels per day (bpd) oil refinery in Yanbu with China's Sinopec Group, the company said. Aramco said the formal si...
|
| Petro Rabigh Successfully Completes LRT Test |
1/4/2012 - Rabigh Refining and Petrochemical Company (Petro Rabigh) reached a significant operational and financial milestone at midnight on December 31, 2011 with the successful completion of the Lenders Reliab...
|
| India Lifts Tax on Saudi & Omani PP Imports |
1/2/2012 - India has lifted an anti-dumping duty imposed on polypropylene imported from Saudi Arabian suppliers, including Saudi Basic Industries Corp., the world’s biggest petrochemical maker. The change is eff...
|
| Iran Increases Pressure on Kuwait over Gas Field |
1/1/2012 - Iran said that it would launch full-scale unilateral development of the disputed offshore Arash gas field in the Gulf if Kuwait does not respond to its offer of joint development, according to the off...
|
